PIMCO’s El Erian: Retreat in stocks will worsen as economy slumps. (He’s been saying this since last summer.)

Nouriel Roubini: Stock market will be “flat,” or almost unchanged, through the end of the year

TrimTabs Investment Research: We have speculated that the Federal Reserve or the U.S. Treasury could be allowing a “buyer” to accumulate stock index futures to boost stock prices. Perhaps the “buyer” has stopped buying.

Securities and Exchange Commission: Will consider short-selling curbs in coming weeks as well as ways to improve market surveillance.

Baltic Dry Index: This leading indicator which measures changes in the cost to ship goods by sea is down more than 40% from a short-term peak last fall. It’s second major swing down after falling 50% from a peak last spring. Though at roughly 2,700 it’s well off its low of roughly 700 in 2008.

This Week’s Word On Discipline

“ Self-command is the main discipline.” — Ralph Waldo Emerson

This Market Report is our broad analysis that is the foundation for our Growth Stock Report, which highlights trading opportunities in individual stocks.